Avicopter Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Operating Revenue	31,771	29,719	26,538	19,234	21,629	19,396	Upgrade
Other Revenue	61.47	46.24	54.05	239.2	160.5	259.07	Upgrade
Revenue	31,832	29,766	26,592	19,473	21,790	19,655	Upgrade
Revenue Growth (YoY)	39.61%	11.93%	36.56%	-10.63%	10.86%	24.44%	Upgrade
Cost of Revenue	29,181	26,730	23,222	17,515	19,136	17,459	Upgrade
Gross Profit	2,651	3,036	3,371	1,957	2,654	2,196	Upgrade
Selling, General & Admin	1,444	1,432	1,361	1,053	1,031	905.28	Upgrade
Research & Development	1,184	1,207	1,477	513.12	576.44	529.92	Upgrade
Other Operating Expenses	-158.76	-2.06	58	22.76	18.71	19.7	Upgrade
Operating Expenses	2,440	2,613	2,992	1,617	1,644	1,429	Upgrade
Operating Income	211.27	423.24	378.37	340.74	1,010	766.54	Upgrade
Interest Expense	-140.97	-124.13	-80.77	-45.04	-33.17	-20.76	Upgrade
Interest & Investment Income	153.01	104.21	180.02	44.48	40.17	67.43	Upgrade
Currency Exchange Gain (Loss)	12.04	-1.85	1.74	2.24	-5.8	-1.62	Upgrade
Other Non Operating Income (Expenses)	9.69	-0.77	-1.85	-3.77	-5.41	-2.53	Upgrade
EBT Excluding Unusual Items	245.03	400.7	477.51	338.65	1,006	809.06	Upgrade
Gain (Loss) on Sale of Investments	6.1	6.1	-	-6.33	-1.26	-	Upgrade
Gain (Loss) on Sale of Assets	0.53	0.26	1.4	-2.91	-2.32	1.47	Upgrade
Other Unusual Items	126.46	74.76	34.88	52.1	12.38	23.5	Upgrade
Pretax Income	377.7	481.82	513.79	383.35	1,015	834.03	Upgrade
Income Tax Expense	-48.38	-0.02	5.43	-4.72	101.21	76.11	Upgrade
Earnings From Continuing Operations	426.08	481.85	508.36	388.07	913.5	757.92	Upgrade
Minority Interest in Earnings	114.57	74.03	95.7	-0.13	-0.29	-0.25	Upgrade
Net Income	540.65	555.87	604.06	387.94	913.21	757.68	Upgrade
Net Income to Common	540.65	555.87	604.06	387.94	913.21	757.68	Upgrade
Net Income Growth	-5.81%	-7.98%	55.71%	-57.52%	20.53%	28.81%	Upgrade
Shares Outstanding (Basic)	813	768	732	589	589	589	Upgrade
Shares Outstanding (Diluted)	813	768	732	589	589	589	Upgrade
Shares Change (YoY)	11.07%	5.04%	24.10%	0.00%	-0.00%	0.01%	Upgrade
EPS (Basic)	0.67	0.72	0.83	0.66	1.55	1.29	Upgrade
EPS (Diluted)	0.67	0.72	0.83	0.66	1.55	1.29	Upgrade
EPS Growth	-15.20%	-12.39%	25.47%	-57.52%	20.53%	28.80%	Upgrade
Free Cash Flow	3,666	1,903	-7,289	-1,825	1,316	-845.56	Upgrade
Free Cash Flow Per Share	4.51	2.48	-9.96	-3.10	2.23	-1.43	Upgrade
Dividend Per Share	0.204	0.204	0.200	0.197	0.465	0.388	Upgrade
Dividend Growth	2.00%	2.00%	1.52%	-57.63%	19.84%	29.33%	Upgrade
Gross Margin	8.33%	10.20%	12.68%	10.05%	12.18%	11.17%	Upgrade
Operating Margin	0.66%	1.42%	1.42%	1.75%	4.63%	3.90%	Upgrade
Profit Margin	1.70%	1.87%	2.27%	1.99%	4.19%	3.85%	Upgrade
Free Cash Flow Margin	11.52%	6.39%	-27.41%	-9.37%	6.04%	-4.30%	Upgrade
EBITDA	868.18	1,105	1,057	543.37	1,228	999.93	Upgrade
EBITDA Margin	2.73%	3.71%	3.98%	2.79%	5.64%	5.09%	Upgrade
D&A For EBITDA	656.91	681.92	678.95	202.63	218.45	233.39	Upgrade
EBIT	211.27	423.24	378.37	340.74	1,010	766.54	Upgrade
EBIT Margin	0.66%	1.42%	1.42%	1.75%	4.63%	3.90%	Upgrade
Effective Tax Rate	-	-	1.06%	-	9.98%	9.13%	Upgrade
Revenue as Reported	31,832	29,766	26,592	19,473	21,790	19,655	Upgrade
Advertising Expenses	-	13.01	15.75	3.34	5.56	12.18	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.